Kicking Off Another Short Trading Week

Options Play Review: 

Heading into the long weekend on Friday, we took just one stab at a set of potential quick-strike weekly targets. We went to the short side on Micron Technology and thanks in part to an early dip in the markets, that idea yielded a pretty good set of runners.

We were zeroed in on the MU Weekly $53.50-52 Puts which produced the following multi-bag intraday runs for us:

MU Weekly $53.50-52 Puts
$53.50: 
.66-2.06 (+212%)
$53: .43-1.65 (+284%)
$52: .20-.85 (+325%)

Additionally, we wanted to do a quick recap of a couple of the plays we signaled interest in earlier in the week. We flagged ideas in General Mills and McCormick in Wednesday morning’s report that finished out the week with strength and posted new highs. Our targets were the GIS 07/15 $70-72.50 Calls and the MKC 07/15 $90-80 Puts, which put up the following trading ranges and total possible gains between Wednesday and Friday.

GIS 07/15 $70-72.50 Calls
$70: 1.69-5.90 (+249%)
$72.50: .75-3.50 (+367%)
_____

MKC 07/15 $90-80 Puts 
$90: 6.00-8.10 (+35%)
$85: 2.01-3.60 (+80%)
$80: .60-1.20 (+100%)


Fresh Options Ideas:
KRTX 07/15 $125-130 Calls 


Gain Clients, Inc. GCLT – OTC Recap:

We also have a brief update on GCLT, an OTC stock we flagged in Friday morning’s extended watchlist. The made a very respectable intraday move, running from a low of .018 on up to a high of .0349. That works out to a single-session rip of 94% and that came on its second-highest daily volume ever recorded, with the previous session being the first.


Extended Watchlist: 
GMPR, HMBL, NXMR, RMRK, GEGI, DUTV, VXIT, ENDP, RMED, RBCN, TYME, NBEV, COWN

Friday’s Rippers, Fresh Ideas

Reviewing Winning Options Plays: 

We made our typical attempt at unearthing some winning options ideas on Friday morning, and with a boatload of earnings reporters to choose from we went with Twitter and Snapchat, in addition to some SPY calls, as we were confident in a bullish session for the markets at large.

Our estimation proved accurate as the markets ripped all day long, and that made for some interesting daily gain opportunities in our designated contract sets. Specifically, we were tracking the TWTR Weekly $71.50-73 Calls, the SNAP Weekly $72.50-73.50 Calls, and the SPY 07/23 $436-437.50 Calls.

In each and every case we were afforded the opportunity to log multi-bag intraday gains. The total ranges and moves on those plays were as follows:

TWTR Weekly $71.50-73 Calls
$71.50: .59-1.56 (+164%)
$72: .45-1.24 (+175%)
$72.50: .32-.97 (+203%)
$73: .23-.73 (+217%)
_____

SNAP Weekly $72.50-73.50 Calls
$72.50:
 2.48-6.44 (+160%)
$73: 2.00-6.05 (+202%)
$73.50: 1.30-5.32 (+309%)
_____

SPY 07/23 $436-437.50 Calls
$436: 1.22-4.43 (+263%)
$437: .64-3.49 (+445%)
$437.50: .41-2.97 (+624%)


Fresh Options Ideas:
TSLA Weekly $645-650 Calls
HAS Weekly $94.50-96 Calls


Extended Watchlist:
NAOV, IMV, XBIO, DYNT, TYME, IGEX, FERN, CYBL, PHIL, BOTY, EEGI, SDVI, 

AXSM Runner, Options Ideas

Axsome Therapeutics, Inc. AXSM 

We’ve got a major recent success story to tell with AXSM today. We highlighted this stock roughly seven weeks ago in our report on October 16th, and AXSM has done very little else but continue to press upward, setting new highs on a practically daily basis.

We would tag in yesterday’s report once again before seeing the stock attain new highs for the umpteenth time in recent weeks.  Our observed low following our initial alert is 20.48, and as of yesterday’s brand new high of 47.24, that marks a fantastic swing of 131% There’s no telling where this wild ride will let off, with the stock having already been firmly in Blue Sky territory for well over a week now.


Fresh Options Ideas

Workday Inc. WDAY reported on earnings in the post-market yesterday, and despite a beat on sales and earnings, the company’s forecast precipitated a shakedown of the stock. We’re going to sit on the bearish side of the fence and monitor to the WDAY Weekly $167.50-165 Puts

Excelon Corp. EXC is simply a double-bottom, potential extended-term rebound idea that we want to offer up. We’re going to begin tracking the EXC 02/21 $45-47 Calls, with the stock looking due for a recovery at any time.


Extended Watchlist: 
DBVT, YTEN, ASLN, WKHS, TYME, CHK, CLVS, CPST

Blue Horseshoe Stocks: NFLX Review & More

Netflix, Inc. NFLX – Review

Nearly as often as we signal weekly options ideas, we also formulate longer term ones. Last month on the 12th, we entered our interest in the NFLX 01/25 $290-300 Calls into the log, and after an epic start to 2019, we’ve seen some really great moves.

NFLX stock alone, subsequent to our last alert, has traded for as little as 231.23 up to as high as yesterday’s new top mark of 357.22. That’s an incredible 54% jump in less than five weeks! What that move allowed our selected contracts to do has been nothing short of Earth-shattering.

$290 Calls – Range: 3.80-68.25 – Max Gain: 1696%
$292.50 Calls – Range: 3.28-49.22 – Max Gain: 1400%
$295 Calls – Range: 3.80-60.45 – Max Gain: 1491%
$297.50 Calls – Range: 3.47-59.76 – Max Gain: 1622%
$300 Calls – Range: 2.66-57.69 – Max Gain: 2069%
______

Fresh Options Ideas:
UAL Weekly $85-86 Calls
GT 03/01 $19-20 Calls


We also want to remind our readers to check out our PASO Report from Monday if you missed that, and stay tuned because we’ve got an exclusive interview with the company’s new Chief Operating Officer coming your way very soon!


Extended Watchlist:
PASO, HIPH, LXRX, GERN, TBLT, SCHW, TYME

Blue Horseshoe Stocks: UURAF Update & More

Ucore Rare Metals, Inc. UURAF – Update

We wanted to return to UURAF today, a company we covered last month, which is in the process of designing and building a rare earth material extraction facility near Ketchikan, Alaska which it believes could help the US end its dependency on China for rare earths.

UURAF’s Bokan – Dotson Ridge rare earth property is considered as having some of the richest deposits of rare earth materials in North America, and is so promising that the Alaskan government pledged a $145M funding package to assist in development of the property, including $30M for the new processing facility.

A few weeks ago, the company announced it would be executing a private placement to help cover general expenses as it continues to develop the Bokan property, and just yesterday, we saw that the company has completed the first portion of that deal, quickly making good on its earlier statement:

HALIFAX, Nova Scotia, June 11, 2018 (GLOBE NEWSWIRE) — Ucore Rare Metals Inc. (TSXV:UCU) (OTCQX:UURAF) is pleased to announce that further to its news release dated May 23, 2018, the Company has successfully closed the first tranche of its non-brokered private placement by issuing 6,344,074 units at a subscription price of $0.18 per Unit for gross proceeds of approximately $1,142,000. (>>View Full PR)
_____

VIDEO CHART:

We have also prepared a video presentation of the current UURAF chart.

We are going to be reviving our YouTube channel so after you’re finished viewing the following chart, be sure that you get subscribed with alerts activated, for more great content coming soon!


Tesla, Inc. TSLA – Options Idea

TSLA stock is getting a jolt after KeyBanc analysts predicted as much as a 50% rise in Tesla Model 3 deliveries, and as is the case whenever something causes a stir on the chart, we are going to be looking to take advantage of the situation using some weekly options ideas.

For TSLA, which just recently cracked through its 200DMA, we are going to be looking to the TSLA Weekly 337.50-347.50 Calls for potential quick-strike trades.


Extended Watchlist:
KNDI, SAGE, I, RIGL, GALT, TYME, APRI

Get Our FREE Daily Reports!